Academics

Academics

Cry Wolf Quotes

Minimum wage increases that even approach an average livable wage would result in significantly fewer jobs for low-wage workers. A substantial increase in the relative cost of labor will result in a reduction in the amount of labor used…

Mr. Ankeny, a former director of the Bureau of Mines, has made the statement publicly that passage of bills would not be expected to reduce the accident rate. Therefore, how can we, in logic or in good conscience, say that we are going to pass…a bill to improve the safety record, when two previous directors of the Bureau of Mines said that passage of laws would not reduce the accident rate?

…this is no time to put additional burdens on employers and employees and State administrations. Recent legislation has created plenty of burdens without adding the one. It is an extremely dangerous time to discuss raising labor costs in the sense of labor costs per unit.

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Prof. R.S. Meriam, Harvard Business School, Testimony, House Committee on Ways and Means.